China's move in May to slash subsidies for domestic solar installations unleashed a flood of low-cost Chinese-made panels onto the global market - pushing prices down more than 10 percent in a matter of weeks.

Decks are cleared for the installation of solar-energy panels atop 118 government houses of the city, since the UT environment department has at last received a "fair" bid for this prestigious project in fourth attempt.

A meeting of civic officials was conducted in this regard on Sunday wherein the projects to be included in the final list of total Smart City projects were discussed. Now, the total cost of Smart City projects has reached Rs 1,724 crore